Maxele Advisors LLC purchased a new position in shares of Ameren Corporation (NYSE:AEE – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,195 shares of the utilities provider’s stock, valued at approximately $1,039,000. Ameren makes up approximately 0.7% of Maxele Advisors LLC’s portfolio, making the stock its 22nd biggest position.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Ameren in the second quarter valued at $2,918,526,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Ameren by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider’s stock worth $1,586,324,000 after buying an additional 362,052 shares during the last quarter. State Street Corp raised its stake in shares of Ameren by 3.3% during the 4th quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock worth $1,448,342,000 after buying an additional 457,876 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Ameren by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock worth $597,673,000 after buying an additional 179,137 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Ameren by 11.5% in the 1st quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider’s stock worth $591,056,000 after buying an additional 553,164 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. BTIG Research set a $126.00 price target on shares of Ameren in a research report on Thursday, July 23rd. Morgan Stanley dropped their price objective on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Mizuho lifted their price objective on Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Barclays upped their target price on Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.42.
Ameren Price Performance
Shares of NYSE:AEE opened at $106.71 on Friday. The company has a market cap of $29.54 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.60 and a beta of 0.47. The business has a fifty day simple moving average of $110.88 and a 200-day simple moving average of $110.32. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38.
Ameren (NYSE:AEE – Get Free Report) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts forecast that Ameren Corporation will post 5.4 EPS for the current year.
Ameren Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Ameren’s dividend payout ratio is presently 52.82%.
Insider Activity at Ameren
In related news, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the sale, the insider directly owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the completion of the sale, the senior vice president owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.
Ameren Profile
Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.
Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.
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